Levy $1.0337 per $100 valuation

The Moberly City Council adopted the city's tax levy for 2013 at their regular meeting on Monday night (Aug. 19).

“The City’s tax rate is the same for 2013 as it was for 2012,” said Moberly Finance Director Greg Hodge on Wednesday afternoon, “$1.0337 per $100 of valuation.”

Numbers were not presented to the public at Monday's meeting, nor at the public hearing held during the Aug. 5 meeting (granted, no questions were voiced during said meeting in regards to the tax levy, either). Instead, the ordinance was read multiple times as follows:

"An ordinance in relation to establishing the tax levy for the City of Moberly, Mo., for the year 2013."

Numbers released to the MMI on Wednesday morning (Aug. 21) noted that for "general revenue purposes" within the city's General Fund, properties subject to taxation within the city limits will be required to pay a sum of $0.7078 for every $100 of assessed valuation.

For the Park Fund, a $0.3284 tax per $100 assessed valuation was also levied as part of the ordinance.

“The County Assessor updates property valuations in odd numbered years, which, of course, has an effect on the revenues generated,” Hodge explained. “The proposed rates and valuations are verified by the State Auditor’s office for compliance with the Hancock Amendment, which limits the amount of tax revenue that a political subdivision may generate.

“The only way that these limits may be exceeded is by a vote of the people to increase the tax rates.”